The Newshare/Clickshare Concept Summary

A "newshare" is an editing organization which provides time- sensitive
information to users targeted on the basis of their topical or local
interests. "Newshares" possess a license to use the Newshare(SM) name,
logo and Clickshare(sm) registration, validation, profiling and
micro-transaction settlement system. They transport content over digital
networks, presently the Internet, and deliver it in whatever form the
consumer requires -- on paper, on screen or by audio reproduction.

Clickshare(sm) is a system for registering, validating and profiling
Internet information users which enables the buying and selling of
information among widely distributed, independent users and publishers.
Clickshare(sm) solves the problem of completing micro-transactions
economically and securely across the Internet.
Clickshare(sm) is enabled through Internet server software available from
Newshare Corp. and through a transaction-settlement backbone operated by
Newshare Corp. It does not require any special end user software.

Clickshare(sm) is designed to clear transactions too small to be
economically feasible via a credit card, since a credit card transaction
involves typically 2% of the principal plus a transaction fee of 25 cents
or more. The idea of Clickshare(sm) is to aggregate many small per-page
charges and apply them to a credit-card, conventional credit (paper
billing) or ecash account on a periodic basis, probably monthly, so that
the profit margin is not eaten away by the 25 cent credit-card
transaction charge (or the 32 cents of mailing a paper bill). So
Clickshare(sm) is INTENDED to work UNDERNEATH and in collaboration with
ecash and credit-card implementations.

Clickshare is a U.S.-register servicemark of Newshare Corp.

WHAT IS THE INTERNET?

The Internet refers to a worldwide base of business, research,
academic and consumer computer systems. They are able to
exchange information across networks built, owned and
controlled by many different entites because they share common
technical standards for digital information exchange. This common
technical standard is abbreviated as TCP/IP. The Internet is NOT a single
network. It is more precisely a protocol for connecting networks so that
they exchange information in a uniform fashion. Think of it as a common
"language" for information exchange.

The are two problems slowing the development of Internet information
commerce:

PROBLEM NO. 1: HOW TO FIND IT?

At present the Internet resembles a library without order. A few
organizations have sprung up (Yahoo, Lycos etc.) to provide a functional
"card catalog" for the millions of pieces of information available for
free on the Internet. But no one to our knowledge has stepped up to the
task of providing a "reference desk," for all of these free and paid
resources.

The Newshare(sm) System and its partner Publishing Members (PM) will fill
this void. They will maintain a "top level" categorization facility.
Designated topic-specific and local Publishing Members will digest,
summarize, edit and add value to this content, delivering it to its own
base of users, and optionally to the users "owned" by its Publishing
Members.

Newshare Corp. will also provide a uniform "search"
facility for Clickshare(sm)-enabled resources through a strategic-partner
relationship.

PROBLEM NO. 2: HOW TO BILL IT?

Under the "phone system" model we all are familiar with, the
customer pays a flat monthly rate for access to the network and
additional, discrete charges for "conversation." These charges
are billed based on time. Likewise, a user of the Internet pays
to be connected to the network -- like paying to have
"dialtone." A few Internet information providers are beginning
to ask that users "register" and pay a content flat fee for
unlimited amounts of information provided above and beyond this
"dial tone." However, no entity has advanced a system for
aggregating the information-unit charges of multiple content
providers.

The Clickshare(SM) System fills this void for consumers in a transparent
fashion as simply as one makes a long-distance telephone call or charges
an item to a credit card. The Clickshare(SM)-enabled user can have a
credit/account relationship with a single Newshare Publishing Member (or
with Newshare itself) and yet obtain seamless access to copyrighted
information from a world of other Clickshare(SM)-enabled content providers
-- newspapers, magazines, newsletters, trade publishers, broadcasters and
"new media" entrepreneurs.

Newshare's Clickshare system validates users, tracks their content
requests and provides the user's home-base Publishing Member with billable
records. Newshare "wins" by obtaining small transaction fees on each
transfer of information.

Publishers
(we call the Publishing Members) win because Clickshare permits them to
augment their content with information from hundreds of other Publishing
Members.

The user
wins by having a simple way to obtain information
customized to his or her interests -- and by not having to manage account
relationships with dozens of different information vendors.

Writers and other creative artists win
because Clickshare(sm) provides them a mechanism for retaining
physical and copyright control of their work and yet market it
either directly to the public or via publishers.

Clickshare
permits a user to have a single logon ID and password governing access to
potentially hundreds of independent information resources, just as a
credit card permits purchases at a wide variety of retail shops.

Internet users who seek order amid information chaos will find
it via a series of custom "Newshares" organized by topics or
geography served. But each Newshare has the ability to
reference content of other newshares. The Newshare system is our
proprietary application of the Clickshare(sm) System to the news
industry. Clickshare(sm) can be used in other areas as well, such as
medical, education, business information and the like. We believe
Clickshare(sm) will also be applied to the sale of disposable software
"applets."

WHERE DOES THE MONEY FLOW?

Users are billed for their information acquisition at least monthly by
their home Publishing Member. From that charge, the home base receives a
commission in each information purchase for managing the user; the
providing publisher receives a royalty and Newshare Corp. receives a
transaction fee. Providing the home Publishing Member a commission
creates an incentive for that home base to offer "links" to remote
publishers' content. This has been called "billable hypertext links."